Markets Right Now: Stocks drop on China concerns, J&J sinks

NEW YORK (AP) — The latest on developments in financial markets (all times local):
11:45 a.m.
Stocks are slumping on Wall Street again on new concerns about China’s economy and as Johnson & Johnson plunges.
Weak economic data from China Friday renewed worries that a powerful engine for global growth was slowing down. Industrial output and retail sales slowed in November.
Johnson & Johnson plunged 10.4 percent after Reuters reported that the company has known since the 1970s t